SK Hynix is consolidating near ₩1.61M — and that might be the calm before a big move. 🇰🇷
Price at ₩1,614,000, down -3.41% on the day, in a consolidation phase. RSI at 46.9 (dead neutral) with declining volume (29% below average). The stock is 44.7% below its 3-month high (₩2.92M) but 22% above the 3-month low (₩1.32M).
📊 Technical Snapshot:
• Trend: Consolidation
• RSI: 46.9 — waiting for direction
• Support: ₩1,500,000 | Resistance: ₩2,628,000
• SMA5: ₩1,641,200 (price below — short-term weak)
• SMA20: ₩1,558,750 (holding as support)
• Volume: 2.49M shares (below average)
🔑 Key Logic:
SK Hynix is the world's #2 memory maker and the dominant HBM supplier for NVIDIA's AI chips. The 44% pullback from highs reflects fears about the memory downcycle, but HBM demand remains structurally bullish. The consolidation near ₩1.6M with low volume suggests sellers are exhausted. A break above ₩1.64M (SMA5) could trigger a move toward ₩1.8M. A break below ₩1.5M support would signal deeper correction.
The ₩1.5M level is the line in the sand. Watch it closely.
Bullish on memory stocks for the AI cycle? 👇
#SKHynix #Semiconductors #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research before making investment decisions.
Price at ₩1,614,000, down -3.41% on the day, in a consolidation phase. RSI at 46.9 (dead neutral) with declining volume (29% below average). The stock is 44.7% below its 3-month high (₩2.92M) but 22% above the 3-month low (₩1.32M).
📊 Technical Snapshot:
• Trend: Consolidation
• RSI: 46.9 — waiting for direction
• Support: ₩1,500,000 | Resistance: ₩2,628,000
• SMA5: ₩1,641,200 (price below — short-term weak)
• SMA20: ₩1,558,750 (holding as support)
• Volume: 2.49M shares (below average)
🔑 Key Logic:
SK Hynix is the world's #2 memory maker and the dominant HBM supplier for NVIDIA's AI chips. The 44% pullback from highs reflects fears about the memory downcycle, but HBM demand remains structurally bullish. The consolidation near ₩1.6M with low volume suggests sellers are exhausted. A break above ₩1.64M (SMA5) could trigger a move toward ₩1.8M. A break below ₩1.5M support would signal deeper correction.
The ₩1.5M level is the line in the sand. Watch it closely.
Bullish on memory stocks for the AI cycle? 👇
#SKHynix #Semiconductors #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research before making investment decisions.